International Credit Brokers Alliance (ICBA)

[ICBA EUROPE SALES MEETING 2024 🌍] 📅 Today marks the first day of our annual ICBA Europe Sales Meeting in Lisbon. 🇵🇹 👨💼👩💼 Over 45 people from 22 countries have come together to share their knowledge on the diverse European markets. 🤝 🌍 📊 Together, we’re committed to delivering the best services across Europe and beyond. 🥇 #ICBA #MoreThanJustBrokers #ThePowerOfMany #CreditInsurance #Europe

[ICBA LATIN AMERICA REGIONAL MEETING 2024 🌎] “Reinventing Alliances, Renewing Connections” Last week, ICBA Latin American members gathered during three days of meetings and presentations in Cancun, Mexico. 🇲🇽 At ICBA, we are committed to continuous improvement and customer-centered innovation. Collaborating with industry leaders, we conducted a comprehensive situation analysis to develop tailored solutions for each country in the LATAM region. 👩💼 📈 👨💼 Our goal? To enhance our service offerings and elevate the standard of Credit Insurance across Latin America and globally. 🌎 #ICBA #MoreThanJustBrokers #ThePowerOfMany #CreditInsurance #CustomerInnovation #LatinAmerica

Making trade work for everyone.Strategies for inclusive globalization in 2024   The World Trade Report 2024 emphasizes that while 🌍 global trade has reduced poverty and fostered growth 📈, many individuals and regions have been left behind. To make trade more inclusive 🤝, we need not just open trade policies but also strong domestic policies 🏠. The report advocates for global cooperation 🌐 to ensure that the benefits of trade are shared more equitably ⚖️. It calls for re-globalization 🌎 to bring marginalized economies and groups into the global economy, making trade work for everyone. #WTO #TCI #ICBA Source: WTO

Sector atlas 2024 by Allianz: mixed performance, diverse risks.   The "Sector Atlas 2024" by Allianz Research forecasts global GDP growth of +2.8% in 2024-2025, with slower growth in the US 🇺🇸 and Eurozone 🇪🇺 and a managed slowdown in China 🇨🇳. Corporate earnings are mixed, with technology sectors 📈 performing well, while others, like luxury in Europe, slow. Sectors face varied outlooks: agrifood and chemicals 🧪 are seeing weak demand, transportation and energy 🚗⚡️ face supply chain challenges, while pharmaceuticals 💊 and IT services 💻 show stable or improving prospects. Most sectors are rated ‘Medium’ or ‘Sensitive’ risk, with Asia 🌏 generally safer than Latin America 🌎, indicating cautious optimism for economic growth amid diverse risks. #creditinsurance #ICBA #insurancebroker Source: Allianz Trade https://lnkd.in/e4PwjMk2

EU and EIB Group launch €300 million Export Credit Guarantee Facility for Ukraine The EU has launched a €300 million export credit facility to support European SMEs and small mid-caps in exporting to Ukraine 🇪🇺💼. Managed by the European Investment Fund, this initiative aims to reduce financial risks for businesses, bolster Ukraine's reconstruction 🏗️, and strengthen economic ties between the EU and Ukraine 🤝. The facility provides portfolio guarantees to export credit agencies, facilitating increased exports and aiding Ukraine’s recovery amid ongoing conflict 🌍 Source: https://lnkd.in/eqMazWHe

2023 Export Credit Industry surges to record highs!   The Annual Report of the Export Credit and Investment Business of Berne Union Members, released in June 2024, summarized these results and highlighted the industry's robust recovery and expansion in 2023 📊📅.   In 2023, the export credit industry saw unprecedented growth, providing over USD 3 trillion in support for international trade 🌍💸. Short-term credit insurance demand remained high, though growth slowed in the latter half of the year due to easing inflation 📉. Medium- and long-term (MLT) business surged by 40% to over USD 166 billion, driven by sectors like manufacturing, infrastructure, transportation, and renewable energy ⚙️🚀🌱. Export Credit Agencies (ECAs) experienced a 50% increase in MLT business. Renewable energy investments set a record with USD 20.5 billion committed 🌞💨. Europe led the growth, and Sub-Saharan Africa also performed strongly 🌍📈. The industry faced heightened political risks, with significant claims due to sovereign defaults and increased corporate insolvencies 🚨💼. #ICBA #tradecreditinsurance   Source: The Berne Union

Diverging paths: ECB cuts rates while Fed holds steady   Atradius analysts reflect on the implications of interest rate changes.The European Central Bank (ECB) recently cut its deposit facility rate to 3.75% 📉 to stimulate economic growth, signaling a shift towards monetary easing. Meanwhile, the Federal Reserve (Fed) held its interest rates steady at 5.25% to 5.5% 📊, prioritizing caution despite some signs of easing inflation. This divergence is expected to strengthen the US dollar 💵 against the euro 💶, potentially improving the Eurozone's export competitiveness 🌍 but increasing market volatility. Businesses engaged in international trade should prepare for possible fluctuations in currency values and interest rates by adjusting their financial strategies to mitigate associated risks. #atradius #tradecreditinsurance #icba Source: Atradius https://lnkd.in/eg-D2U-k  

Global unity and local impact. The economic and social legacy of Paris 2024 Olympics   Allianz Research report on the Paris 2024 Olympics highlights the event's economic value, emphasizing that globalization retains local significance 🌍. Despite rising protectionism and geopolitical tensions, the report suggests adapting through strategies like diversifying supply chains and creating local value. The Olympics 🏅serve as a moment of global unity and inspiration 🌐. The report covers health and wellbeing 🏋️♀️, women's empowerment 👩🎤, sustainability 🌱, technological innovations 🤖, economic impacts 📈, and the long-term legacy of infrastructure and housing 🏘️. #ICBA #AllianzTrade #ParisOlympics2024 Source: https://lnkd.in/eBvxgh8V

2024 export barometer. Belgian businesses show cautious optimism amid global challenges 🌎   The 2024 Export Barometer by Credendo and Trends-Tendances reveals cautious optimism among Belgian exporters, with a slight increase in business confidence to 6.1 📈. Neighboring countries remain key markets, but there is a growing focus on distant markets like Central and South America 🌎. Major challenges include high production costs 💸, bureaucratic red tape 📑, and political risks ⚠️, while technological changes and ESG standards present both risks and opportunities 🤖🌿. Businesses are increasingly using risk protection measures such as bank guarantees and credit insurance, demonstrating resilience and adaptability in navigating global trade complexities. #Credendo #ICBA #tradecreditinsurance Source: https://lnkd.in/eWsg8jVv

CEE (Central and Eastern European) companies prepare for insolvency surge, intensify credit risk measures   The June 2024 Atradius Payment Practices Barometer 📊 reports that 60% of Central and Eastern European (CEE) companies expect a rise in insolvencies 📉 within the next 12 months due to ongoing economic pressures, particularly affecting weaker firms 💼. This trend mirrors concerns across Europe 🌍. In response, 10% more CEE businesses than last year are focusing on strategic credit risk management 🛡️, with a notable shift towards credit insurance 💰 to reduce bad debt and free up working capital. Despite these challenges, 34% of suppliers are optimistic 😊 about future payment practices. However, nearly 33% remain worried 😟 about the broader economic impact on operations and investments. Source: Atradius Payment Practices Barometer 2024  #atradius #icba #insurancebroker https://lnkd.in/et3EFW_T